Finance Minister Nirmala Sitharaman's Budget statements have increased the cost of jewelry while decreasing the cost of mobile phones and televisions. As a result, as projected, some commodities will become cheaper, while others will put a strain on residents' wallets.

Toys, bicycles, and autos have become less expensive as a result of a slight shift in customs fees, cesses, and surcharges, according to the Budget.

The government has decreased the basic customs tax on components of open cells of TV panels to 2.5 percent, which is good news for the middle class.

"To boost value addition in the manufacture of TVs, I propose to lower the Basic Customs Duty on parts of open cells of TV panels to 2.5%," the FM announced.

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